I was reading an article on TheHill.com about President Bush’s State of the Union Address this past January and a line struck me:

When Bush proclaimed, “Ladies and gentlemen, some may deny the surge is working, but among terrorists there is no doubt,” Clinton sprang to her feet in applause but Obama remained firmly seated.

Was he upset that the surge was working or that the terrorists were losing or what?

There are a few ways one could interpret Obama’s continued refusal to admit the surge is working. First, he could be in absolute denial. For those on the Left that have accused President Bush of being in his own world, the shoe is now on the other foot. Can we afford a President who only sees things the way he wants to see them?

Another interpretation is that Obama does see that the surge is working, but he is pouting because he was caught making a mistake. Do we really need someone with the mentality of an eight-year-old saying “… is not!” in the Oval Office? (Just picturing Barack with his fingers in his ears going, “la-la-la-la… I can’t hear you!”)

The last interpretation is the most likely: Obama knows that the surge is working, but it is not politically expedient for him to admit it. For those who’ve seen the old TV show Happy Days, it is not unlike Fonzie wrestling with saying he’s “wrrr… wrrr… wrrr… wrong.”

1 user responded in " Obama is wrrr… wrrr… wrong on the surge "

Didn’t you kids just throw out “pride before the fall” slurs at O? and yet here you are echoing Whitehouse sound bites about something that wont be know for some time. Mission Accomplished ring a bell. I think I’ll interpret market data (as a stockbroker) before taking this criminal organisations word for it.
The Iraq government has issued bonds in the past. These entitle the owner of the bond to a stream of payments over a set period of time, but only if the government does not default on the loan. If Iraq completely implodes, it is highly unlikely that these bonds will be paid off. How much someone would pay for the rights to that stream of payments depends on their estimate of the probability that Iraq will implode.

The bond data, tells a clear story: the financial markets say the surge is not working. SINCE THE SURGE started, the market’s estimate of the likelihood of default by the Iraqi government has increased by 40 percent.

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